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Director of WM Technology, Inc. (NASDAQ:MAPS), Gordon Scott, sold 94,340 shares of Class A Common Stock on June 24, 2025, for approximately $86,000. The price per share ranged from $0.9101 to $0.9208, amid a broader decline in the stock’s value, which has fallen over 36% in the past six months. According to InvestingPro analysis, the company maintains strong financial health with a GOOD rating and holds more cash than debt on its balance sheet.
The sale was executed under a pre-arranged 10b5-1 trading plan adopted on September 10, 2024. The transaction was to cover tax withholding obligations related to the vesting of restricted stock units and brokerage commission fees.
Following the transaction, Scott directly owns 729,918 shares of WM Technology, Inc.
In other recent news, WM Technology reported its Q1 2025 earnings, revealing an earnings per share (EPS) of $0.02, which fell short of the forecasted $0.04. The company also reported revenue of $44.61 million, slightly below the expected $44.65 million. Despite these misses, the company highlighted a 1% year-over-year revenue increase and improved cash flow, maintaining no outstanding debt. In another development, WM Technology’s founders withdrew their proposal to buy the company’s outstanding shares for $1.70 per share, citing external factors but leaving the door open for future proposals. Additionally, the company appointed Baker Tilly as its new independent registered public accounting firm following a merger with its previous auditor, Moss Adams LLP. Moss Adams’ reports had included an adverse opinion on the effectiveness of WM Technology’s internal controls over financial reporting due to material weaknesses. The company did not have any disagreements with Moss Adams on accounting principles or practices. These recent developments reflect WM Technology’s ongoing strategic initiatives and adjustments in a challenging market environment.
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